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The study of top steel-producing companies in the world reveals a lot of interesting facts. For example, 6 out of 10 companies in the top 10 list are Chinese. On the other hand, India is the second largest steel producer in the world. However, only one Indian company is listed in the top 10 steel makers.
This article explains the top 10 steel companies and gives brief information about the leading companies.
Top 10 steel companies in the world 2022
Here is a list of the largest steel producers in the world.
| Ranking | Name of the company | Steel production in million tonnes (Mt) in 2022 | Headquarters’ location |
| 1 | China Baowu Group | 131.84 | China |
| 2 | ArcelorMittal | 68.89 | Luxembourg |
| 3 | Ansteel Group | 55.65 | China |
| 4 | Nippon Steel Corporation | 44.37 | Japan |
| 5 | Shagang Group | 41.45 | China |
| 6 | HBIS Group | 41.00 | China |
| 7 | POSCO Holdings | 38.64 | South Korea |
| 8 | Jianlong Group | 36.56 | China |
| 9 | Shougang Group | 33.82 | China |
| 10 | Tata Steel | 30.18 | India |
The above ranking is according to the World Steel Association.
China Baowu Group
China Baowu Group is a state-owned company headquartered in Shanghai, China. The company is popularly known as Baowu. The company makes various types of steel plates, hot rolled steel, cold rolled steel, steel wires, and so on.
ArcelorMittal
ArcelorMittal was formed in 2006 with the merger of two steel companies. – Arcelor and Mittal Steel. The company’s headquarters is located in Avenue de la Liberte, Luxembourg. Another interesting fact about the company is – it operates in more than 60 countries. With its steel products range, Arcelor and Mittal caters to various industries including automotive, construction, energy, packaging, transport and so on.
Ansteel Group
Anteel Group was established in 2010 with the merger of Anshan Iron and Steel Group Corporation. The company has an extensive range of steel products including hot rolled coils, cold rolled sheets, galvanised sheets, colour coated sheets, stainless steel, and so on. In all, the company has 7 production bases in China.
Nippon Steel Corporation
Nippon Steel Corporation is Japan’s largest steel-making company. The company has a presence in more than 15 countries in the world and its headquarters is located in Tokyo, Japan. Nippon Steel Corporation also offers a wide range of products. The company’s product range includes steel plates, steel sheets, steel pipes and tubes, bars, structural steel, stainless steel and so on. The company caters to many industries including railways, automotive, infrastructure, consumer electronics, energy, etc.
Shagang Group
Shaganag Group’s head office is located in Zhangjiagang (Suzhou), China. The company has five production bases spread across the country. With an integrated manufacturing process, Shaganag Group exports its products to about 100 countries.
HBIS Group
This state-owned company’s headquarters is situated at Shijiazhuang, Hebei, China. In 2022, the company’s steel production stood at 41 MT. The company offers a range of steel products including steel wire rods, cold-rolled plates, hot-rolled sheets, bars, galvanised steel, steel pipes, etc.
POSCO Holdings
It is the largest steel maker in South Korea. The company offers a range of steel products including hot and cold rolled steel, silicon steel sheets, stainless steel and so on. These products are used in a variety of industries such as automotive, shipbuilding, home appliance, engineering, and machinery industries.
Jianlong Group
Beijing Jianlong Heavy Industry Group Co., Ltd. is yet another Chinese steel maker that has made an entry in the list of top 10 steel companies in the world. The company makes a range of steel products including special steel, steel plates, steel tubes, sectional steel products, and so on.
Shougang Group
It is one of the oldest steel companies in China which was established in 1919. The company has nine production bases across China and it achieved a steel production level of 33.82 MT in 2022. With its wide product range, the company caters to construction, household appliances, etc. Also, the company focuses on quality management and has been awarded an ISO 9001:2000 certificate.
Tata Steel
The history of Tata Steel dates back to 1907 and since then it has been a leading steel company in India. Today, Tata Steel‘s operations are spread in over 25 countries. The company’s largest plant is located in Jamshedpur, Jharkhand. Tata Steel’s Kalinganagar plant is included in the Global Lighthouse Network of the World Economic Forum for the application of Industry 4.0 technologies.
Other Indian steel companies in the list of top 50 steel makers in the world
If we see an exhaustive list of the top 50 steel companies in the world, the following Indian companies appear in the list:
- JSW Steel Limited
- Steel Authority of India Ltd. (SAIL)
- Jindal Steel and Power Ltd (JSPL)
Top steel producing countries in the world
| Country | Steel production in million tonnes (Mt) in 2022 |
| China | 1,013.0 |
| India | 124.7 |
| Japan | 89.2 |
| United States | 80.7 |
| Russia | 71.5 |
| South Korea | 65.9 |
| Germany | 36.8 |
| Tukey | 35.1 |
| Brazil | 34.0 |
| Iran | 30.6 |
Source: World Steel Association
On a concluding note
With its National Steel Policy, India aims to become the largest steel producing nation in the world. By 2030, India plans to increase its steel-making capacity to 300 MT from the current 124.7 MT. The government of India has launched various favourable initiatives to achieve this target. Therefore, we are likely to see more companies entering the list of top 10 steel producing companies in the world.
